[The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Land office equipment Accounts payable Owner investments $ 13,210 Cash withdrawals by owner 13,320 Consulting revenue 2,720 45,910 Rent expense Salaries expense 17,350 Telephone expense 7,970 Miscellaneous expenses 83,390 $ 1,460 13,320 2,950 6,290 830 640 Required information Use the above information to prepare a December 31 balance sheet for Ernst Consulting. ERNST CONSULTING Balance Sheet 0 60 0 0 1 Required information Use the above information to prepare a December 31 balance sheet for Ernst Consulting. Assets Equity Expenses Liabilities Revenues Withdrawals $ ERNST CONSULTING Balance Sheet